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This video discusses the importance of a sublease consent form when entering a sublease agreement. It highlights the distinction between a sublease and an assignment, noting that a sublease involves a tenant and a subtenant, typically covering a portion or the entirety of the premises. In a sublease, the tenant retains privity of contract with the landlord while transferring only privity of estate to the subtenant, creating two separate contractual relationships. Should any issues arise, the tenant must communicate them to the landlord. If a lease does not explicitly restrict subleasing, tenants generally assume they can sublease freely, but it's advisable to seek consent to avoid confusion.